Smith Salley Wealth Management Sells 2,302 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Smith Salley Wealth Management decreased its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 58,047 shares of the company’s stock after selling 2,302 shares during the quarter. Smith Salley Wealth Management’s holdings in Fidelity MSCI Communication Services Index ETF were worth $3,407,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 10.5% during the second quarter. AE Wealth Management LLC now owns 85,524 shares of the company’s stock valued at $4,467,000 after buying an additional 8,146 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Fidelity MSCI Communication Services Index ETF by 4.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 40,585 shares of the company’s stock valued at $2,120,000 after acquiring an additional 1,775 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 15.9% during the 2nd quarter. Cetera Investment Advisers now owns 18,428 shares of the company’s stock valued at $962,000 after acquiring an additional 2,525 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the second quarter worth approximately $209,000. Finally, American National Bank & Trust raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 10.7% during the third quarter. American National Bank & Trust now owns 5,197 shares of the company’s stock valued at $286,000 after purchasing an additional 501 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.8 %

Shares of FCOM stock opened at $59.69 on Friday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $44.52 and a 12-month high of $62.11. The stock has a market capitalization of $1.28 billion, a P/E ratio of 26.44 and a beta of 1.22. The firm’s 50 day moving average is $59.43 and its 200 day moving average is $55.48.

About Fidelity MSCI Communication Services Index ETF

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.